Ajman Free zone Company Formation
Ajman is one of seven emirates in the United Arab Emirates located on the Arabian Peninsula and in the Persian Gulf. The zone was established in 1988 and was granted autonomous status under the Amiri decree no.3 of 1996 issued by Sheikh Humaid Bin Rashid Al Nuaimi, Ruler of Ajman.
Ajman Free Zone Authority has been named as the exclusive regulatory agency for Free Zone in Ajman.
Ajman Free Zone (AFZ) was established in 1988, leading to massive industrial development in Ajman by attracting a great number of companies to benefit from the investment privileges, thereby strengthening industry and trade and the financial sector in the UAE.
AFZ administers competitive privileges and facilities granting companies to get an appreciable return on their investment. AFZ continues to develop its infrastructure, spending millions of Dirhams along its free zone area of more than one million square meters.
Positioned at the entryway of the Persian Gulf, Ajman Free Zone is well placed to serve the eastern and western markets.
Ajman’s closeness to Sharjah and Dubai provides easy accessibility to the two international airports and four ports. Ajman port serves over 1000 vessels per year, with twelve berths.
Products & Activities Allowed in Ajman Free Zone Company Formation
Commercial floors are offered to entities which meet licensing requirements of DIAC.
The DIAC Business Center offers a selection of products and services ranging from hot desk to fully furnished complete office environments. A company may choose any type of desk or office space depending upon its requirements.
Type of entities that can be registered with Ajman free zone company formation
Free zone limited liability company (FZ- LLC)
This is a company formed as an independent legal entity with its own shareholders. The minimum capital requirement for incorporation depends on the business activity.
Branch of foreign/ UAE company
A branch/subsidiary is treated a legally reliant part of its parent company, even if its place of business is not in the main company’s main office. (No minimum capital required).
The Freelance permit offers the ability to operate as a freelance professional. The permit identifies you as a sole practitioner. It enables you to conduct your business in your birth name as opposed to a brand name
Features of Ajman free zone company formation
- 100% ownership of establishment/company
- 100% foreign ownership
- Easy transfer of capital and profits
- Exemption from personal income tax
- Exemption from import and export duties
- Exemption from other taxes
- Competitive prices for facility usage
- Competitive prices for power/electricity
- Competitive prices on leasing
- Easy access to low-cost labour
- Well-developed infrastructure
- One-stop counter service for effecting transactions (Residency, visas…etc.)
- Fast and easy procedures and in most cases get the license within 24 hours
Other advantages Ajman free zone company formation
- Business facilities (Conference rooms & meeting rooms)
- 24 hours Security Services
- Bank Services
- Postal Services
Types of license
- Business Licenses
- E-Commerce Licenses
- Service License
- Industrial Licenses
Connectivity to Ajman free zone
Near to two international Airports (Dubai International Airport and Sharjah Airport) within 25 minutes’ drive from Ajman Free Zone.
Ajman Free Zone is neighboring to the Ajman Port, Sharjah’s Khorfakkan Port, Port Khalid and Dubai’s Port Rashid are within 35 minutes’ drive from Ajman Free Zone.
Exceptionally active international road network conjoins the Ajman Free Zone to Oman, Qatar, Bahrain, Saudi Arabia, Iran, Kuwait and beyond to Europe.